BASKING RIDGE, N.J. - Verizon Business has received Frost & Sullivan's 2007 North American Award for Market Penetration Leadership in managed security services (MSS). The award recognizes the company's demonstration of strategic excellence in product innovation, marketing and sales strategies that have resulted in the largest gain in market share over the past two to three years.
Frost & Sullivan's research found Verizon Business Security Solutions demonstrated excellence over the last several years in the areas of market share, spectrum of offerings, geographic range, quality of customers and continued innovation. Verizon Business completed its acquisition of Cybertrust in July 2007, combining the companies' global assets to become the most dynamic global provider of managed information security services to business and government customers.
"Verizon Business' acquisition of Cybertrust fulfilled a contemporary industry wish list," said Rob Ayoub, analyst, Frost & Sullivan. "Verizon Business Security Solutions has placed itself in the enviable position going into 2008 of having a combined market share to rival anyone in the industry, but perhaps, most significantly, a synergy of competitive features that is unsurpassed in the marketplace."
Ayoub went on to say, "Verizon Business is in a strong position to benefit from the strategic shift in the industry to delivery of managed security services 'in the cloud.'"
Kerry Bailey, vice president of Verizon Business Security Solutions, said, "This award recognizes Verizon Business is a powerful and truly unique player that continues to redefine the global security landscape. No other provider can match our breadth and depth of network and premises-based services, expansive global reach, and expert security specialists to deliver a comprehensive portfolio of security services to customers worldwide."
Enterprises and government agencies rely on Verizon Business to help them manage security risk and protect critical company assets. Drawing from a comprehensive portfolio of end-to-end network and premises-based security services as well as professional services, Verizon delivers threat and vulnerability management; identity management; security and compliance programs; and security strategy and consultation. Verizon Business' more than 1,100 security professionals deliver these offerings to large-business and government customers around the globe. More information is available by visiting http://www.verizonbusiness.com/us/security.
About the Frost & Sullivan Market Penetration Leadership Award
The Market Penetration Leadership Award is presented each year to the company that has demonstrated excellence in capturing market share within their industry. The recipient has demonstrated strategic excellence in product innovation, marketing and sales strategies that have resulted in the largest gain in market share over the past two to three years. The recipient of this Award has excelled based on one or more of the following criteria: competitive pricing strategies (perceived customers value versus price); strong salesforce strategy; ability to establish brand awareness through promotional activities; strategic alliances that expand customer base; and product innovation satisfying unmet needs, creating new needs and developing new technologies.
About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.awards.frost.com.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a leading provider of advanced communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit www.verizonbusiness.com.